19. Marketing livestock feed. A feed supply company has developed a special feed supplement to see if
Question:
19. Marketing livestock feed. A feed supply company has developed a special feed supplement to see if it will promote y = $4.49 SE1y2 = $0.06 y = $4.49 s = $0.29 df = 102.
df = 7.
df = 88.
df = 17.
weight gain in livestock. Their researchers report that the 77 cows studied gained an average of 56 pounds and that a 95% confidence interval for the mean weight gain this supplement produces has a margin of error of 11 pounds.
Staff in their marketing department wrote the following conclusions. Did anyone interpret the interval correctly?
Explain any misinterpretations.
a) 95% of the cows studied gained between 45 and 67 pounds.
b) We’re 95% sure that a cow fed this supplement will gain between 45 and 67 pounds.
c) We’re 95% sure that the average weight gain among the cows in this study was between 45 and 67 pounds.
d) The average weight gain of cows fed this supplement is between 45 and 67 pounds 95% of the time.
e) If this supplement is tested on another sample of cows, there is a 95% chance that their average weight gain will be between 45 and 67 pounds.
Step by Step Answer:
Business Statistics
ISBN: 9780321716095
2nd Edition
Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe